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    Constructing a T-Account

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    Construct a T-account representing the account impacted by the transaction in 3-12. Post all of the journal entries to these T-accounts. Compute the ending balance in each account. Assume that the beginning balance in the T-account is zero.

    Journal Entries
    Refer to PE 3-2. Make the journal entry necessary to record the transaction.

    PE 3.2
    Impact of a Transaction
    The company used $45,000 in cash to purchase land on the west side of Hatu Lake.

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    https://brainmass.com/business/journal-entries/constructing-taccount-281152

    Solution Summary

    The solution constructs a journal entry and a post t-account.

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